EUR/USD clings to gains near 1.1150 ahead of Fedspeak

The shared currency remains stuck within a tight range so far today, with EUR/USD meandering in the mid-1.1100s ahead of the US docket.

EUR/USD focus on US data, Fedspeak

Spot remains unmotivated in the mid-1.1100s, consolidating the rebound from the vicinity of the 1.1130 region and with the greenback alternating gains with losses around 95.50 when tracked by the US Dollar Index.

Market participants stayed apathetic after earlier German results have come in on the strong side, while upcoming speeches by FOMC’s Kaplan, Harker and Kashkari grabbing all the attention later in the NA session, all seconded in relevance by US advanced Services PMI gauged by Markit and trade balance figures.

EUR/USD levels to watch

The pair is now advancing 0.05% at 1.1147 and a break below 1.1133 (low May 24) would target 1.1103 (200-day sma) en route to 1.1055 (low Mar.16). On the other hand, the initial hurdle aligns at 1.1246 (high May 23) followed by 1.1304 (55-day sma) and finally 1.1332 (20-day sma).